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kudlow report." the holy father pope benedict xvi announced he will abdicate at the end of this month. health concerns and his worry that he will not be able to adequately lead the world's catholics are the main reasons why. is this a lesson to the world's politicians and ceos? i say you bet it is. >>> also tonight, president obama's state of the union address tomorrow night supposed to be about improving the economy and saving jobs. but i'm hearing tax increases. do they have any faith in this white house? what are they worried about? and can the stock market rally continue if washington starts to meddle again too much? we'll ask top names like bob lutz, obama supporter robert wolfe, and many more. >>> speaking of government meddling, red flags up again about obama care. killing jobs, even government jobs. one of the nation's most prominent surgeons told president obama to his face at last week's national prayer breakfast that he has a much better idea nap surgeon is going to join us this evening. "the kudlow report" begins right now. >>> first up, call it the marijuana shocker. the
and what's happening here? >> an announcement has been confirmed from the vatican. pope benedict is due to resign on february 28th. apparently he spoke in latin this morning and announced this move. we don't yet know why. there have been a number of stories surrounding it. he is going to resign. the vatican spokesman has confirmed that in the last five minutes or so. february the 28th is going to be the date. now, i have just been doing some digging. the last time a pope resigned might have been way back in 1415. clearly, unprecedented in modern times and we'll have to wait and see what the reasons will be given. there is going to be a press conference at 11:30 g. so, in other words, 27 memberships from now there will be a press conference from the vatican to outline exactly what's going to happen and maybe the biggest question to be answered is why is the pope going to stand down? and if he does, how will they choose the replacement and in what types of time scale? interesting, of course, is the timing of this is before easter, but it's just a few days after the italian election webs w
benedict's announcement that he will step down at the end of the month citing his advanced age. he's the first pope to resign in almost six centuries. >>> dell defends the buyout in an s.e.c. filing. they said the deal spearheaded by michael dell and private equity firm silver lake partners offers the best value for shareholders. three more of dell's largest investors are joining southeastern asset management. they believe the deal undervalues the company. david, we had this discussion on day one. it's been a while since it's seen $20. but it seems that's what they want. >> the buy outprice could make you to hope in some way you can at least get back to even. >> always bit a risk when you do a deal. even as it may be for a company that is facing challenging times, that is below the 52-week high. we knew it would likely be at that level. my reporting, and experience on these matters, would indicate really best to see and wait. let's see what happens over the next four, five, even six months before this deal closes. if the s&p were to rise significantly, it might perhaps make those w
. that the pope, pope benedict, is to resign, being quoted on the italian news wire and now in the major italian press, suggesting pope benedict is going to resign. we have no idea why. there have been question marks about this in the past. >> anything from what has been happening with the vatican paper scandal to potentially his age being an issue. we have unfortunately no information at this point. i'm sure as they continues to develop, we'll have it trickling in. but first to have it reported from the italian news agency before anyone can report it. >> to resign on february the 8th is what dow jones is saying. >> that's after lent -- actually, during lent. not that the timing of this lentin season has anything to do with it, but it's interesting because we're in a build up to the incredibly important season. it's that and the way the news came out doesn't suggest -- so he announced this plan to resign in latin on monday that he would be resigning on february 28th. we're just continuing to bring you the news as we get these flashes through from the news wires. all of them, both dow jones and r
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